Replication data for: Consumption, Income Changes, and Heterogeneity: Evidence from Two Fiscal Stimulus Programs
Principal Investigator(s): View help for Principal Investigator(s) Kanishka Misra; Paolo Surico
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Final-files-MisraSurico | 10/12/2019 10:09:PM | ||
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text/plain | 14.6 KB | 10/12/2019 06:09:PM |
Project Citation:
Misra, Kanishka, and Surico, Paolo. Replication data for: Consumption, Income Changes, and Heterogeneity: Evidence from Two Fiscal Stimulus Programs. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114311V1
Project Description
Summary:
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Almost half of American families did not adjust their consumption
following receipt of the 2001 or 2008 tax rebates. Another 20 percent,
with low income and more likely to rent, spent a small but significant
amount. Households with large spending propensity held
high levels of mortgage debt. The heterogeneity is concentrated in
a few nondurable categories and a handful of "new vehicle" purchases.
The cumulated predictions of the heterogeneous response
model tend to be smaller and more accurate than their homogeneous
response model counterparts, offering new insights on the evaluation
of the two fiscal stimulus programs.
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
E21 Macroeconomics: Consumption; Saving; Wealth
E32 Business Fluctuations; Cycles
E62 Fiscal Policy
D12 Consumer Economics: Empirical Analysis
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
E21 Macroeconomics: Consumption; Saving; Wealth
E32 Business Fluctuations; Cycles
E62 Fiscal Policy
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